Factory Orders Shoot 1.2% Higher In January

By Steve GoldsteinMarketsMarketWatch Pulse

Factory orders climbed by 1.2% in January, meeting the MarketWatch-compiled economist forecast. The Commerce Department said orders have climbed for 6 of the last 7 months and rose 0.3% when transportation was excluded. Industrial machinery orders climbed by 6.6%, while photographic equipment orders dropped by 15%.

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